biases
Charlie Munger: 3 cognitive biases that make you broke and unsuccessful and how to overcome them
Charlie Munger, former vice chairman of Berkshire Hathaway and longtime business partner of Warren Buffett, has spent decades studying why smart people make terrible financial decisions. His conclusion was simple and disturbing: the human brain is programmed to oppose wealth creation. Before you can master money, you must master the mental traps that sneak up […]
7 mins read
People who build wealth avoid these 5 cognitive biases
Your brain is an old survival machine, finely set to millennia to keep you alive in a world of immediate threats and rare resources. The same mental shortcuts that helped your ancestors avoid predators now sabot your modern financial decisions. These cognitive shortcuts, called heuristics, become dangerous during the construction of long -term wealth. The […]
9 mins read